There’s a few differences between borocash and a credit card.
• Most credit cards require a decent credit score to qualify. With borocash, you often do not need to have any credit history to qualify.
• With Boro, you’ll know exactly how much you’ll pay each month whereas a credit card payment will vary each month depending on how much you charge to it.
• borocash is a set amount of cash and a set interest rate, which prevents irresponsible spending.
• When you finish paying off your borocash, it’s your choice if you want to recharge your account without the threat of strings or fees. When you pay off your credit card, your account remains open and closing a credit card account can hurt your score.
Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016,issued by Department of Insurance and Financial Services.Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521